Gold Dips Below $4,600 On Oil-driven Inflation Fears

Gold prices fell more than 2 percent on Friday, reaching a more than one-week low and on track for a weekly decline.Spot gold slumped 2.1 percent to $4,554.99 an ounce, extending losses for a fourth consecutive session, pressured by a stronger dollar and rising Treasury yields. U.S. gold futures were down 2.8 percent at $4,555.25.The dollar rose alongside higher U.S. Treasury yields and was on tra…